Home Insurance Tips for Renovations: Protect Your Investment
Renovating your home is exciting—whether you’re adding an extra bedroom, modernizing the kitchen, or installing your dream spa-like bathroom. But while you’re busy choosing tiles or paint colors, it’s easy to overlook the practical details that keep your home safe and compliant during construction.
Home renovations can introduce risks to your property, so here are essential tips to protect both your home and your insurance coverage during the process.
1. Inspect Before You Drill
Before you knock down walls or drill into them, take time to locate pipes, electrical wiring, and ductwork. Accidentally hitting these hidden systems can lead to flooding, electrical issues, or expensive repairs—not to mention a disruption to your renovation timeline. Tools like stud finders or pipe detectors can help, or you can consult blueprints if they’re available.
Pro tip: If you’re unsure, hire a professional to avoid costly mistakes.
2. Stick to Local Building Codes
Renovation projects must comply with your local building codes. These regulations ensure your home is safe, functional, and up to standard. Whether it’s proper insulation, fire safety measures, or structural reinforcements, failing to follow these codes could not only void your insurance but also result in fines or having to redo work.
Check with your local municipality or your contractor to confirm all necessary permits and requirements.
3. Upgrade for Safety
Some renovations provide the perfect opportunity to enhance your home’s safety. For instance, upgrading electrical panels, replacing old wiring, or installing hardwired smoke detectors can help prevent accidents and lower your insurance premiums. Plus, insurers may offer discounts for safety upgrades like a new roof or impact-resistant windows.
4. Secure the Renovation Area
A renovation zone can attract risks like theft or accidents. Keep tools and materials stored safely and lock them up when not in use. Install temporary barriers to keep children or pets out of hazardous areas. Additionally, consider adding motion lights or cameras to deter would-be intruders.
5. Mind Your Plumbing
If your renovations involve plumbing—whether it’s adding a new bathroom or upgrading the kitchen—ensure the work is done properly to prevent leaks or water damage. Even a small mistake, like an improperly sealed pipe joint, can lead to costly repairs down the road.
Hiring licensed plumbers can save you from future headaches. Water damage is one of the most common home insurance claims, so taking preventive steps here is key.
6. Avoid Overloading Circuits
Adding new appliances, lighting, or outlets? Ensure your electrical system can handle the extra load. Overloaded circuits are a common cause of house fires, so consult an electrician to determine whether your breaker panel needs upgrading to accommodate your plans.
7. Keep It Clean and Organized
Renovations can quickly turn your home into a construction zone. Regularly clear debris, sweep up dust, and organize tools and materials to prevent accidents. Trip hazards or misplaced nails can lead to injuries, which may not always be covered by your insurance if negligence is involved.
8. Check Fire Safety
Renovations often involve power tools, hot equipment, or flammable materials. Ensure fire extinguishers are accessible in case of emergencies, and keep the area ventilated if you’re using chemicals or paints. For major renovations, consider installing a temporary fire alarm system.
9. Document the Process
Take photos or videos of your home before, during, and after renovations. This documentation helps track progress and can be invaluable if you need to make an insurance claim. It also provides proof of upgrades, which might qualify you for premium discounts.
10. Verify Contractor Credentials
If you’re hiring professionals, ensure they’re licensed, insured, and experienced. Contractors should carry liability insurance and workers’ compensation to protect you from being held liable for damages or injuries. Don’t hesitate to request proof before signing any contracts.
Ready to Renovate? Let’s Protect Your Home Together
Renovations are an investment in your home’s future, but they come with responsibilities. By taking precautions and staying informed, you can protect your property, your family, and your wallet. At TGS Insurance Agency, we’re here to help ensure your home insurance policy is ready for any upgrades you’re planning. Contact us today to review your coverage and secure peace of mind during your renovation journey.